Ripple CEO Brad Garlinghouse Celebrates Crypto Candidates’ Victory
Ripple CEO Brad Garlinghouse is excited about the victory of pro-crypto candidates in the recent US elections. These election results have the potential to be a turning point for the cryptocurrency world. The wins of names such as Bernie Moreno, Ritchie Torres, Kirsten Gillibrand and Andy Barr in the elections are an important morale boost in the crypto community, and are also considered a promising development in ensuring regulatory clarity.
“Cryptocurrency voters have spoken out,” Garlinghouse said, emphasizing how critical these elections are for crypto supporters. The crypto community expects more balanced and supportive regulations thanks to the victories of these candidates. However, there were some disappointments during the elections. For example, John Deaton’s loss to Senator Elizabeth Warren was one of the challenges faced by crypto proponents. However, the overall mood remains positive and many are hopeful that the new Congress will introduce regulations that will benefit the crypto market.
Donald Trump and Crypto Concerns
Another important figure that the crypto world follows carefully is Donald Trump. Trump has made several promises regarding the adoption of cryptocurrencies. However, whether these promises will be realized depends on the steps the administration will take. Trump’s administration is giving hope to the crypto community by promising to make changes to the regulatory environment. This situation may also significantly affect the course of the Ripple and SEC case.
Turning Point in Ripple and SEC Case
The Ripple and SEC case stands out as one of the defining issues of the crypto industry. The SEC has created major problems not only for Ripple but for the entire crypto industry. Garlinghouse’s comments indicate that the new Congress could provide the regulatory clarity that Ripple has been waiting for. Trump’s plans to oust SEC Chairman Gary Gensler could be a critical step in making this change happen. If this happens, there may be a positive change in the course of Ripple’s legal fight.
Paul Grewal, Coinbase’s Chief Legal Officer, stated that the SEC’s influence could diminish if pro-crypto leaders take action. This is possible as Congress becomes more open to crypto issues. It is in this new regulatory environment that it becomes possible for the Ripple case to receive the attention it needs. Garlinghouse expressed hope that the SEC understands why this political shift has occurred. He emphasized that voters wanted change and they got it.
Impact of US Election Results on Ripple and SEC Case
Experts believe that Trump and pro-crypto candidates will contribute to the adoption of crypto assets. During the election campaigns, Trump promised to dismiss SEC Chairman Gensler. An SEC without Gensler is highly likely to end the Ripple and SEC case and provide crypto regulatory clarity. “I would guess that at least a few Supreme Court Justices are now free to make retirement plans,” Coinbase CLO Paul Grewal said. This situation reveals that there may be a big change in the crypto world.
The bipartisan appeal of crypto politics stems from the fact that crypto voters are no longer limited to a single political party. According to the latest data, the Republican Party has gained the majority in the US Congress. This presents an important opportunity for crypto assets to reach a wider audience. Ripple CEO Garlinghouse stated that the US SEC has lost its credibility and reputation. In addition, he emphasized that institutional interest in XRP products continues to grow. These developments show that the launch of the XRP ETF is very close.
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